Joel Florek
31 units in 30 months at age 24, $70k Annual Cashflow
9 January 2025 | 116 replies
That is a big part of it.
Bobby Short
Costa Rica 2nd property Mortgage
11 January 2025 | 12 replies
Maybe you saw this from the Tico Times already, but it lays out mostly depressing details on getting a mortgage in Costa Rica: http://www.ticotimes.net/realestate/25-mortgage-ti...Please post back here if you find anything!
Paloma Wodehouse
High Priced First Buy
8 January 2025 | 9 replies
Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.
Cody Caswell
FHA Loan for Primary House - Full Time Real Estate Investor
5 January 2025 | 7 replies
@Cody Caswell depreciation, mortgage interest, insurance and one time expenses(non recurring) are considered add back expenses.
Jonathan Worrell
Mentoring and Advice
13 January 2025 | 3 replies
That does not require employment or job seasoning instead it uses the rents to qualify and you can take out up to 80% LTV cash.Use the cash to put down on the next 1-2 or more properties as long as the other properties are debt servicing themselves it opens up more opportuities to buy more future assets and increase your passice income.
Sathya Priya Sampathkumar
How do you decide on the location for rental investment with good cash flow?
6 January 2025 | 8 replies
When choosing a location for your first rental, it’s great that you’re considering factors like crime rate, population growth, employment rate, and price-to-rent ratio—those are all key metrics.
Hellen Sut
Collecting unpaid rents after eviction
4 January 2025 | 9 replies
The garnishment has to be filled in county clerks office and the paperwork is served to the ex-tenant place of employment.
Ethan Slater
New Member Joining BiggerPockets
4 January 2025 | 14 replies
Congrats on orthodontic residency, though I know residency will be time consuming as well.
Jason Hanton
Anyone take STR Secrets Cohosting Course?
21 January 2025 | 9 replies
Hi Jason - I've been part of STR Secrets for over a year.
Esther Iroko
Tenants not paying rent
21 January 2025 | 15 replies
If you allow this to continue, they will only get worse over time, and your losses will increase.I suggest you hire an attorney.